[ggrothendieck]

The HN news title seems inaccurate. This is not necessarily a drop in demand nor is it applicable to all shipping as also suggested by the title.

The article suggests it is an oversupply of container ships with very few ships scrapped as opposed to demand: "The industry invested heavily in new container ships during and after the pandemic to meet strong demand and benefit from record freight rates. A large number of new ships entered the market since the summer with no signs of idling or scrapping, said Clerc."

Furthermore just because container ships were over ordered does not mean that other types of ships were so it is misleading to just refer to shipping in the title. It should be "container shipping".